Baytex Energy (TSE:BTE) Given a C$9.00 Price Target by Jefferies Financial Group Analysts

Baytex Energy (TSE:BTE) (NYSE:BTE) has been assigned a C$9.00 target price by stock analysts at Jefferies Financial Group in a research report issued on Tuesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 17.34% from the stock’s previous close.

A number of other research firms have also recently commented on BTE. National Bank Financial raised their price target on shares of Baytex Energy from C$8.50 to C$9.50 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. Raymond James Financial upped their price objective on shares of Baytex Energy from C$8.00 to C$8.50 and gave the company a “strong-buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.32.

Baytex Energy Trading Down 0.9%

BTE traded down C$0.07 during trading on Tuesday, hitting C$7.67. The company’s stock had a trading volume of 3,490,715 shares, compared to its average volume of 5,860,664. The firm has a market capitalization of C$5.36 billion, a P/E ratio of -8.34, a PEG ratio of 0.12 and a beta of 0.60. Baytex Energy has a twelve month low of C$3.14 and a twelve month high of C$7.87. The stock’s fifty day moving average price is C$6.80 and its 200-day moving average price is C$6.03. The company has a quick ratio of 0.77, a current ratio of 2.82 and a debt-to-equity ratio of 6.94.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.24 EPS for the quarter. The company had revenue of C$564.88 million during the quarter. Baytex Energy had a negative net margin of 131.38% and a negative return on equity of 26.41%. Analysts anticipate that Baytex Energy will post 0.37 EPS for the current year.

About Baytex Energy

Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.